Interest Rates for SRF for FY 16 Released

The Office of Local Government has released the FY 2016 Interest Rates and Financial Policies for the State Revolving Funds (SRF). The standard rate is at a historic low of 1.80% for the Drinking Water and Clean Water programs. Additional discounted rates are available for qualifying small or disadvantaged systems, green infrastructure costs and takeovers of non-viable systems. The Clean Water SRF program also offers a new rate category for storm water projects.

The SRF program provides up to 100% financing of eligible costs at fixed rates and terms of up to 30 years. This low-interest financing is available for waste water treatment and collection, drinking water supply and distribution, water quality, and storm water facilities.

Please go to the SC Rural Infrastructure Authority’s website for more information on the State Revolving Fund Program: